A brief look at the data behind Serum
Quick Take
- Serum, built on a high throughput blockchain Solana, is an orderbook-based non-custodial exchange
- In October, Serum generated $44.6 million in volume and then $111 million in September
- On an average day, Serum already has nearly 10 times higher volume than Binance DEX but 15 times lower than Gemini
- Knowing that Serum burns 80% of all fees, we can deduce that Serum has generated roughly $800,000 of revenue since launching in late August
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Author: Larry Cermak